TheStreet reaffirmed their buy rating on shares of United Technologies Corp. (NYSE:UTX) in a report issued on Tuesday, American Banking & Market News reports.
“United Technologies (UTX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.,” TheStreet’s analyst wrote.
United Technologies Corp. (NYSE:UTX) traded down 0.45% during mid-day trading on Tuesday, hitting $109.20. The stock had a trading volume of 356,574 shares. United Technologies Corp. has a 1-year low of $79.34 and a 1-year high of $112.46. The stock’s 50-day moving average is $108.1 and its 200-day moving average is $103.0. The company has a market cap of $100.2 billion and a price-to-earnings ratio of 15.85.
United Technologies Corp. (NYSE:UTX) last released its earnings data on Tuesday, October 22nd. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.54 by $0.01. The company had revenue of $15.50 billion for the quarter, compared to the consensus estimate of $16.18 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that United Technologies Corp. will post $6.15 EPS for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, November 13th.
In other United Technologies Corp. news, Director Jean Pierre Garnier sold 7,000 shares of the stock on the open market in a transaction dated Monday, November 25th. The stock was sold at an average price of $110.50, for a total transaction of $773,500.00. Following the completion of the transaction, the director now directly owns 6,400 shares in the company, valued at approximately $707,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an outperform rating on shares of United Technologies Corp. in a research note to investors on Wednesday, November 13th. They now have a $118.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of United Technologies Corp. to $120.00 in a research note to investors on Wednesday, November 6th. They now have a buy rating on the stock. Finally, analysts at FBR Capital Markets reiterated a market perform rating on shares of United Technologies Corp. in a research note to investors on Thursday, October 24th. They now have a $110.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $114.76.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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